从产业沃土到资本热土，再到上市高地，苏州印证了科技创新与产业创新深度融合的乘数效应。当 优质企业、硬核科技与耐心资本同频共振，"苏州制造"向"苏州智造"的跃迁水到渠成。这不仅是"苏州 速度"的延续，更是"中国制造"在全球竞争中赢得创新话语权的生动注解。 "苏州速度"背后，是产业厚度。苏州是全国乃至全球工业体系最完备的城市之一。2025年前10月， 全市规模以上高新技术产业产值2.24万亿元，占规模以上工业总产值比重达56%，前沿新材料、人形机 器人等八大未来产业加速布局。目前，苏州拥有国家级科技企业孵化器76家、科创板上市公司58家、高 新技术企业1.74万家，分别为全国第一、第三和第四。源源不断的"硬科技"企业，为资本市场提供充 足"后备军"。 资本也在用"钱包"投票。2023年1月至2025年11月，苏州新增备案基金770只，募资规模近2800亿 元，月均近80亿元创投资金流入科技赛道，九成以上新增上市公司曾获股权投资。政府部门建立系统 化、常态化服务机制，全流程辅导拟上市企业，形成"储备一批、培育一批、辅导一批、申报一批、挂 牌一批"的滚动格局。 A股"苏州军团"还将扩容。市委金融办透露，目前全市有70 ...

Core Viewpoint - The Senegalese Energy Regulatory Commission (CRSE) has officially approved a new electricity pricing scheme aimed at reducing electricity costs for small users by 10% starting next year [1] Group 1: Pricing Structure - The new pricing structure introduces a targeted 10% reduction for the first tier of electricity consumption, benefiting low-power residential and professional users [1] - The reduction applies to both postpaid and Woyofal prepaid users, ensuring equitable treatment for all small users [1] Group 2: Beneficiaries and Impact - By 2026, over 2.6 million users nationwide are expected to benefit from this price reduction [1] - For low-power residential users, the price for the first tier (0 to 150 kWh) is set at 82 West African francs per kWh, while for low-power professional users, the price for the first 50 kWh is reduced to 147.43 West African francs per kWh [1] Group 3: Economic Implications - This social measure is projected to result in a revenue decrease of approximately 18.279 billion West African francs for the Senegalese National Electricity Company [1] - However, the CRSE's analysis indicates that this revenue reduction will not jeopardize the industry's viability, as the projected total revenue for 2026 remains within the allowable maximum revenue standards [1] - The proposal from the Senegalese National Electricity Company is deemed reasonable, maintaining unchanged rates for high-consumption and other customer categories [1]

新能源方面，2025年内蒙古新增新能源装机3500万千瓦，新能源总装机达到1.7亿千瓦以上，其中，风 电装机在全国率先突破1亿千瓦。新能源发电量2700亿度，发电量连续10余年位居全国第一，外送绿电 900亿度、同比增长40%以上。同时，氢能、储能产业发展取得显著成效。氢能方面，推动完善氢能"制 储输用"全产业链体系，优化调整绿氢项目上网电量比例至40%并延长政策享受期，全年绿氢产量突破1 万吨，领跑全国。储能方面，细化落地独立新型储能放电量补偿政策，创新实施"放电量补偿"机制，截 至目前，全区累计建成投运新型储能规模超过1700万千瓦，同比增长144%。 转自：草原云 记者从2025年12月31日内蒙古自治区能源局组织召开的全区能源工作会议暨行业安全生产会议上获悉： 2025年，内蒙古能源系统坚持以能源安全新战略为指引，全力推进国家重要能源和战略资源基地建设， 全区能源工业增加值同比增长5%以上，能源重大项目完成投资超3000亿元，能源工业投资约占全区固 定资产投资的35%，为全区经济高质量发展提供了有力支撑。 煤炭方面，2025年，内蒙古加快释放优质产能，3处矿区总规获国家批复，新增煤炭产能储备项目13 ...

西方电力捉襟见肘 现在人工智能发展得飞快，可这也带来大麻烦，尤其是电力供应跟不上。英伟达的黄仁勋今年在乔罗根 的节目里直言，AI扩展太猛，电力成了新瓶颈。要是不解决，芯片再厉害也白搭。他还预测，AI计算 需求2025年已经暴涨，以前以为芯片是核心，现在电力更关键。 要知道，英伟达自家处理器集群到2027年一年可能吃掉150到200吉瓦电，这相当于一个国家全年用电 量。黄仁勋还警告，美国数据中心建得慢，电力容量不够，可能让中国在AI赛道上超车。他甚至说， 未来科技公司得自己搞小型核反应堆来发电，不然AI就卡壳了。这话不是随便说说，英伟达员工邮件 里也提了整合低延迟处理器，但电力问题始终绕不开。 发展中国家更惨，像乍得、马拉维，农村地区电力覆盖率低，基础设施跟不上。 中国电网游刃有余 中国这边，电力供应倒是不慌，底气来自于多年积累的基础设施和新能源布局。早些年，我们也尝过缺 电的苦，90年代广东工厂开三停四，拉闸限电是家常便饭。但从2000年启动西电东送工程开始，情况就 变了。这项目把西部能源富集区电力输到东部需求大户，通过特高压技术实现高效传输。特高压就是电 压超高的传输方式，交流1000千伏，直流±800千伏 ...

Core Viewpoint - Shanghai Changxing Island Second Thermal Power Co., Ltd. has been established with a registered capital of 1 billion RMB, fully owned by Shanghai Electric Power Co., Ltd. [1] Company Summary - The legal representative of the company is Xu Jun [1] - The registered capital is 1 billion RMB [1] - The sole shareholder is Shanghai Electric Power Co., Ltd., holding 100% of the shares [1] - The company operates in the electricity, heat, gas, and water production and supply industry [1] Business Scope - The business scope includes heat production and supply, energy management contracts, and various technical services such as development, consulting, and transfer [1] - The company is authorized to engage in power generation, transmission, and supply activities, as well as installation, maintenance, and testing of related electrical facilities [1] - The operational activities are subject to approval by relevant authorities where required [1] Company Details - The company is classified as a limited liability company (wholly foreign-owned enterprise) [1] - The business address is located at No. 1, Lane 1333, Jiangnan Avenue, Changxing Town, Chongming District, Shanghai [1] - The business term is set until December 31, 2025, with no fixed expiration thereafter [1] - The registration authority is the Chongming District Market Supervision Administration [1]

当台风"竹节草"裹挟狂风暴雨侵袭浙江沿海时，国网嘉兴供电公司的调控员在人工智能虚拟总指揮长"启航"的协 助下，30分钟内便完成了以往需数小时的故障信息梳理与处置方案制定；在内蒙古的茫茫草原上，AI算法提前24 小时精准预测出风电场的发电量波动，让电网调度提前做好应对准备；深海油气平台上，智能监测系统通过数据 分析实时排查设备隐患，将传统巡检的风险系数大幅降低……这些场景并非科幻电影的片段，而是中国能源行业 借助大数据与人工智能技术实现转型升级的真实写照。 在全球能源转型加速推进的今天，传统能源秩序正被悄然重构。从"资源主导"到"数据驱动"，从"人力运维"到"智 能调控"，能源行业的变革逻辑正在发生根本性转变。中国作为全球能源生产与消费大国，凭借庞大的能源基础设 施、丰富的应用场景和持续的技术创新，在能源大数据与人工智能融合应用领域走出了一条独具特色的发展道 路，不仅为自身能源高质量发展注入强劲动力，也为全球能源转型提供了新的思路与借鉴。 一、时代必然：能源转型与智能技术的双向奔赴 进入21世纪以来，全球能源格局面临着双重挑战：一方面，传统化石能源的过度依赖导致环境问题日益突出，碳 中和成为各国共同的发展目标； ...

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **electric power industry** and its investment strategies for 2026, particularly in the context of coal-fired power, nuclear power, and renewable energy sectors [1][2][3]. Core Insights and Arguments Coal-Fired Power - The **price mechanism reform** initiated in 2021 has broken the previous constraints on electricity prices, allowing for potential increases, which is expected to enhance the competitiveness of coal-fired power [2][3]. - The performance of coal-fired power is typically stronger in the first half of the year, influenced by annual trading negotiations and coal price trends [3]. - Future competitiveness will be bolstered by the implementation of capacity compensation and auxiliary service markets over the next couple of years [1][3]. - Key investment considerations include **cost, region, and dividend yield** [3][4]. Nuclear Power - Nuclear power assets are characterized by high quality and significant growth potential, with a projected compound annual growth rate (CAGR) of nearly 10% over the next 5-6 years [2][10]. - Short-term challenges include high market transaction ratios and price reductions in coastal regions, which have already impacted revenue per kilowatt-hour [10][11]. - Long-term growth potential remains strong, making nuclear power a focus for investment despite short-term market risks [11]. Renewable Energy - The **dual carbon goals** have led to large-scale renewable energy projects, but issues with adjustment and transmission capabilities have resulted in increased curtailment of wind and solar energy [4][5]. - Market pressures have caused a decline in electricity prices for mainstream renewable companies, affecting both new and existing projects [5]. - Despite fundamental pressures, Hong Kong-listed renewable companies benefit from policy support, which attracts investment [5][6]. - Investment strategies in renewable energy include targeting regions with less market pressure and selecting undervalued state-owned enterprises, particularly in wind energy [7][8]. Additional Important Content - The **15th Five-Year Plan** emphasizes green development, with measures such as price mechanism reforms and the inclusion of high-energy-consuming industries in mandatory consumption systems [6]. - Recent subsidies have alleviated cash flow issues related to renewable energy, but the pace of policy implementation remains uncertain, keeping green energy investments speculative [6]. - Water power investments can be approached through two strategies: short-term opportunities in small hydropower companies and capturing the dividend value of leading companies like Changjiang Power and Guotou [9]. Investment Recommendations - For coal-fired power, focus on companies with integrated cost advantages and strong dividend yields, particularly in northern regions [12]. - In nuclear power, while short-term observation is advised, long-term positioning is recommended due to substantial growth potential [11]. - Water power investments are currently more favorable due to lower valuations and less impact from market pressures [12]. - In renewable energy, consider stable coastal entities or leading companies in Hong Kong for undervalued opportunities [12].

近日 中国能建所属企业设计、建设的 4台百万千瓦火电机组 相继通过168小时满负荷试运行 正式投运 12月27日，中国能建广东院勘察设计、广东火电承建的广东粤电大埔电厂二期扩建工程4号机组投运。项目位于原中央苏区的广东省梅州市大埔县三河 镇，是广东省"十四五"能源发展规划重点项目，二期扩建工程建设两台100万千瓦清洁高效超超临界二次再热燃煤发电机组，配套建设脱硫、脱硝、除尘 等环保设施。 粤电大埔电厂二期扩建工程 12月30日，中国能建江苏院、江苏电建三公司联合总承包建设的江阴利港2×100万千瓦机组扩建项目10号机组投入商运。该项目位于江苏省江阴市，是江 苏省"十四五"重点建设项目和"先立后改"清洁高效支撑性电源项目。项目采用国际上先进的620℃等级超超临界二次再热技术，同时配套建设大气污染物 脱除设备，具备大容量、高效率、低能耗的显著优势。 江阴利港电厂全面建成投产后，总装机容量将突破600万千瓦，成为江苏省最大容量电厂，其良好的调峰性能（最低可至20%额定工况）能够满足日益增 长的电力调峰需求，提高电网对新能源的消纳能力。 国信靖江2×100万千瓦机组扩建项目 12月30日，中国能建江苏院设计、江苏电建 ...

新华社万象12月31日电（记者马淮钊）由中老合资老挝国家输电网公司投资、建设、运营的老挝230千 伏塔维扬-马哈赛输变电项目开工仪式暨老挝国家输电网公司运营两周年活动日前在老挝首都万象举 行。 ...

Group 1 - The company Longyuan Power (001289)(00916) has completed the issuance of super short-term financing bonds on December 30, 2025 [1] - The total amount of the super short-term financing bonds issued is RMB 2.2 billion, with a maturity period of 14 days and a face value of RMB 100 [1] - The coupon rate for the bonds is set at 1.70%, with interest starting to accrue from December 30, 2025 [1] Group 2 - The funds raised from the issuance will be used to supplement the company's working capital and repay interest-bearing debts of the issuer and its subsidiaries [1]